Nominal GDP is equal to real GDP multiplied by the GDP deflator
Indicate whether the statement is true or false
F
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If this is an open economy, the price of a car will be ________. 
A. $8,000/car B. $6,000/car C. $10,000/car D. $14,000/car
If the money multiplier is 10, the sale of $1 billion of securities by the Fed on the open market causes a
A) $10 billion decrease in the money supply. B) $1 billion decrease in the money supply. C) $1 billion increase in the money supply. D) $10 billion increase in the money supply.
An unregulated natural monopolist would produce to the point at which
A) P = AC. B) MR = AC. C) MR = MC. D) P = MR.
Games:
A. only have one possible stable outcome. B. may have noncooperative equilibriums that are positive-positive outcomes. C. must have a dominant strategy present in order to reach an equilibrium. D. None of these statements is true.